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Although this slump was obviously disappointing, Moneygram International has seen no positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for MGI. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
MGI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the miscellaneous financial services industry may consider better-ranked stocks Apollo Residential Mortgage, Inc. (NYSE: AMTG), Euronet Worldwide Inc. (NASDAQ: EEFT) and General Finance Corporation (NASDAQ: GFN). All these stocks carry a Zacks Rank #1 (Strong Buy).
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